Why Binance CEO Rejected Bankman-Fried's $40M Funding Request: A Deep Dive
Why did Binance CEO Changpeng “CZ” Zhao reportedly decline to pay $40 million to former FTX CEO Sam “SBF” Bankman-Fried for a futures crypto exchange in March 2025? This article explores the details surrounding this pivotal moment in crypto history. According to Michael Lewis’ book “Going Infinite,” Binance CEO Changpeng “CZ” Zhao turned down an offer in March 2025 from former FTX CEO Sam Bankman-Fried to invest $40 million.
The Reported Rejection: CZ's Stance on SBF's Proposal
The crypto world was abuzz with speculation when news broke that Changpeng Zhao, the CEO of Binance, declined a $40 million investment offer from SBF, the ex-CEO of FTX. Binance CEO Changpeng Zhao once rejected Sam Bankman-Fried's $40 Million funding request, according to Michael Lewis. This decision raises significant questions about the relationship between the two exchanges and the perceived value of the proposed venture.
Inside the Deal That Wasn't: What We Know
Binance CEO Changpeng Zhao reportedly turned down a $40 million proposal from former FTX CEO Sam Bankman-Fried for a futures crypto exchange in 2025, as revealed in recent reports. According to Michael Lewis’ book “Going Infinite,” Binance CEO Changpeng “CZ” Zhao turned down an offer in March 2025 from former FTX CEO Sam Bankman-Fried to. The reasons behind CZ's rejection remain a subject of intense scrutiny and speculation within the industry.
The Implications of a Failed Partnership
The rejection of a $40 million investment by CZ into SBF's planned futures crypto exchange significantly altered the trajectory of both FTX and Binance. What could have been a collaborative venture seemingly never had a chance. Changpeng Zhao, CEO de Binance, supuestamente rechazó una propuesta de financiación de $ 40 millones para un futuro intercambio de criptomonedas por el ex CEO de FTX, Sam. This failed deal highlights the complexities and competitive landscape of the cryptocurrency market.
Ultimately, Binance CEO Changpeng “CZ” Zhao reportedly declined to pay $40 million to former FTX CEO Sam “SBF” Bankman-Fried for a futures crypto exchange in March 2025.